Company Profile

MINDA INDUSTRIES LTD.

NSE : MINDAINDBSE : 532539ISIN CODE : INE405E01023Industry : Auto AncillaryHouse : Nirmal Kumar Minda
BSE510.90-8.75 (-1.68 % )
PREV CLOSE (Rs.) 519.65
OPEN PRICE (Rs.) 524.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 167449
TODAY'S LOW / HIGH (Rs.)504.40 527.05
52 WK LOW / HIGH (Rs.)231.13 612.35
NSE510.40 -8.8 (-1.69 % )
PREV CLOSE(Rs.) 519.20
OPEN PRICE (Rs.) 519.80
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 510.40 (46 )
VOLUME 257704
TODAY'S LOW / HIGH(Rs.) 504.20 527.90
52 WK LOW / HIGH (Rs.)230.34 612

Company News

Date Heading Details
12-Apr-2021 Despatch Of Election Notice1 Despatch of Election Notice1 to the shareholders of transferor company 1 to transferor company 4 - Composite Scheme of Amalgamation amongst Harita Limited (Transferor Company 1), Harita Venu Private Limited (Transferor Company 2), Harita Cheema Private Limited (Transferor Company 3), Harita Financial Services Limited (Transferor Company 4) and Harita Seating Systems Limited (Transferor Company 5) with Minda Industries Limited (Transferee Company). This is in continuation of our earlier communication dated 01/04/2021 in relation to the captioned subject matter, we wish to state that the company, Minda Industries Limited has despatched the Election Notice 1 to the shareholders of transferor company1 to transferor company4, today, i.e. 09 April, 2021, through registered post. The copy of the said notice is enclosed herewith.
01-Apr-2021 Amalgamation The meeting ofthe Committee ofthe Board ofDirectors ofthe company held today i.e. 1 st April, 2021, commenced from 4.30 p.m. and concluded at 4.50 p.m., wherein the Committee has approved the following matter(s) unanimously in connection with the aforesaid composite scheme of amalgamation: 1) The certified true copy of the merger order dated 1st February,2021, issued to the Company on 12 March, 2021 by the Hon'ble NCLT, New Delhi has been filed with the Registrar of Companies, NCT of Delhi & Haryana today i.e. 01 April, 2021. Accordingly, 01 April, 2021 will be the Effective Date and Record Date 1, as per the Scheme. Committee of the Board considered and noted the same. 2) Committee of the Board adopted Thursday, 15 April, 2021 as the "Record Date 2", fixed by the Board of Harita Seating Systems Limited (HSSL) at their meeting held on 31 March, 2021, for identifying eligible shareholders of HSSL to get the securities of Minda Industries Limited (the Transfort:t: Company), pursuant to the Scheme. In accordance with the Scheme, the company will issue and allot the securities, as stated below, to those shareholders of the transferor company \ whose mimes would appear in the register of members as on the aforesaid Record Date 2 :- 152 (one hundred fifty two) fully paid equity shares of INR 2 (Indian Rupees two) each of the Transferee Company for every 100 (One Hundred) fully paid up equity share(s) of INR 10 (Indian Rupees ten) each held in Transferor Company 5 by the Eligibel Members. OR 4 (Four) 0.01 % fully paid up Non- Convertible Redeemable Preference Shares of INR 100 (Indian Rupees One hundred) each at price of INR 121.25 (Indian Rupees One Hundred Twenty One and paise twenty five) of the Transferee Company for every I (One) fully paid equity-sJ?are ofINR IO (Rupees ten) each of the Transferor Company 5 held by the Eligible Member 3) The Election Notice I, to be issued to the shareholders of the aforesaid transferor companies I to 4 and Election Notice 2, to be issued to the shareholders of transferor company 5, approved by the Committee of the Board.
30-Mar-2021 Minda Industries gets nod to set up world class lighting manufacturing plant at Gujarat <p align="justify">Minda Industries' board has approved setting up world class lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W automotive Lighting. The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in vicinity of key OEM's hence will also achieve better logistic management. The plant will have state of art manufacturing facilities with unidirectional flow of material, robotic automation for unloading, motorized conveyor system which will result in better operational efficiencies.</p><p align="justify">The company had augmented its technical capabilities with acquisition of Delvis last year. The company also plans to tap potential export business in Europe and America in future from this plant. Total capital expenditure for this new facility in Gujarat is Rs 90 crore which will be funded through mix of debt and internal accruals. The plant is expected to commence operations by quarter ending March 2022 and will stabilize in subsequent couple of quarters. </p><p align="justify">Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.<br></p>
30-Mar-2021 Minda Industries' arm gets nod to expand 4W Alloy wheel capacity <p align="justify">Minda Industries' subsidiary--Minda Kosei Aluminum Wheel has received approval from Board to expand its 4W Alloy wheel capacity by 60,000 wheels/month at its plant in Bawal, Haryana, to cater to the increased demand. The additional capital expenditure for the aforesaid capacity expansion will be Rs 167 crore. The expanded facilities are expected to commence operations by quarter ending March 2022 and expected to stabilize by June 2022.&nbsp;&nbsp; </p><p align="justify">Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.<br></p>
30-Mar-2021 Minda Industries surges on getting nod to set up world class lighting manufacturing plant at Gujarat <p align="justify">Minda Industries is currently trading at Rs. 553.50, up by 11.85 points or 2.19% from its previous closing of Rs. 541.65 on the BSE.<p align="justify">The scrip opened at Rs. 560.00 and has touched a high and low of Rs. 563.60 and Rs. 546.50 respectively. So far 2350 shares were traded on the counter.<p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 612.35 on 11-Feb-2021 and a 52 week low of Rs. 218.90 on 30-Mar-2020.<p align="justify">Last one week high and low of the scrip stood at Rs. 591.80 and Rs. 517.00 respectively. The current market cap of the company is Rs. 14896.25 crore.<p align="justify">The promoters holding in the company stood at 70.88%, while Institutions and Non-Institutions held 19.84% and 9.27% respectively.<p align="justify">Minda Industries' board has approved setting up world class lighting manufacturing plant at Bhagapura, Gujarat to cater to increased demand for 4W automotive Lighting. The business has existing manufacturing facilities at Pune, Chennai and Manesar. The new plant will be in vicinity of key OEM's hence will also achieve better logistic management. The plant will have state of art manufacturing facilities with unidirectional flow of material, robotic automation for unloading, motorized conveyor system which will result in better operational efficiencies.<p align="justify">The company had augmented its technical capabilities with acquisition of Delvis last year. The company also plans to tap potential export business in Europe and America in future from this plant. Total capital expenditure for this new facility in Gujarat is Rs 90 crore which will be funded through mix of debt and internal accruals. The plant is expected to commence operations by quarter ending March 2022 and will stabilize in subsequent couple of quarters.<p align="justify">Minda Industries offers a range of products across various verticals of auto components, such as switching systems, acoustic systems and alloy wheels, among others.</p>
30-Mar-2021 Announcement under Regulation 30 (LODR)-Press Release / Media Release Expansion in 4 Wheel Lighting and Alloy Wheel Businesses
30-Mar-2021 Outcome Of The Board Meeting Held On 27 March, 2021 This is to inform that the meeting of the Board of Directors held today i.e. 27th March, 2021, commenced from 10.00 a.m. and concluded at 11.30 a.m., wherein the Board has approved the following matter(s) unanimously: - 1) Detailed Project Report (DPR) (a) Expansion of the Bawal (Haryana) Plant of Minda Kosei Aluminum Wheel Private Limited. (b) Setting up a Project for 4Wheel Lighting in Gujarat. 2) Change in Statutory Auditors. 3) Revised CSR Policy - Board adopted the revised CSR Policy, the copy of which is enclosed.
30-Mar-2021 Outcome Of The Board Meeting Held On 27 March, 2021 This is to inform that the meeting of the Board of Directors held today i.e. 27th March, 2021, commenced from 10.00 a.m. and concluded at 11.30 a.m., wherein the Board has approved the following matter(s) unanimously: - 1) Detailed Project Report (DPR) (a) Expansion of the Bawal (Haryana) Plant of Minda Kosei Aluminum Wheel Private Limited. (b) Setting up a Project for 4Wheel Lighting in Gujarat. 2) Change in Statutory Auditors. 3) Revised CSR Policy - Board adopted the revised CSR Policy, the copy of which is enclosed.
24-Mar-2021 Further Investment In Tokai Rika Minda India Private Limited Tokai Rika Minda India Private Limited (hereinafter called as "TRMN") is a Joint Venture Company of UNO Minda Group and Tokai Rika Co. Ltd. Japan, in which 87.14% stake is held by Tokai Rika Co. Ltd., Japan and 12.86% stake is held by Minda Industries Ltd. TRMN is engaged in the manufacturing of safety and security systems, electronic components and automotive switches and is supplying its products to OEMs. The Board of TRMN today allotted 4,28,57,143 equity shares of Rs. 10 each at par on Right Issue basis to Minda Industries Ltd. As a result, MIL stake in TRMN has increased from 12.86% to 30%.
19-Mar-2021 Issuance Of Commercial Paper This is to inform that Minda Industries Ltd. has issued the Commercial Paper of Rs. 50 Crores with allotment date 18 March, 2021 and due for maturity on 16 June, 2021. This is in line with the management efforts to bring down the finance cost.